Page Industries Ltd. - AGM Information 2022

July 18, 2022

The Secretary The Secretary Corporate Relationship Dept. National Stock Exchange of India The Bombay Stock Exchange Limited Rotunda Building Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Mumbai – 400 051

Dear Sir,

Sub: Newspaper advertisement on Annual General Meeting, E-Voting instructions and Book closure- Reg.

We herewith enclosed copies of newspaper advertisement published in Business line and Samyuktha Karnataka on 16 July 2022 on 27[th] Annual General Meeting, E-Voting Instructions and Book closure.

Copies of the said advertisement is also available on the website of the Company.

Thanking you,

Yours truly, For Page Industries Limited

Digitally signed by Murugesh Date: 2022.07.18 11:08:18 Murugesh +05'30'

Murugesh C Company Secretary Encl: as above

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BENGALURU BusinessLine SATURDAY[•] JULY 16[•] 2022

4 NEWS

Rupee’s fall against $ ‘not as bad as many major currencies’

Rupee’s slide to hit imports, overseas education, travel

Key data also which will have a positive Down against US Dollar (In Year till date) and allowed for a gradual ad impact on the rupee. justment, while not losing suggests a robust Here are some key data. Currency % Fall Currency % Fall sight of their policy commit rebound in Merchandise exports rose Japanese Yen 15.7 Indian Rupee 5.8 ments. In the near term, the 16.8 per cent yearonyear to Swedish Krona 11.5 Australian Dollar 5.1 focus is on providing liquid the economy $37.94 billion in June from Norwegian Krone 10.7 Swiss Franc 4.3 ity, and ensuring there are $32.49 billion in June 2021. British Pound 10.3 Singapore Dollar 3.0 no sharp moves. SHISHIR SINHA The Index of Eight Core In New Zealand Dollar 8.9 South African Rand 2.0 Also, since India has had a New Delhi, July 15 dustries rose by 18.1 per cent strong recovery post pan South Korean Won 8.5 Canadian Dollar 2.0 The Indian rupee (INR) has in May. demic, the surge in demand lost around 6 per cent Rising from 58.9 in May to Danish Krone 8.1 Colombian Peso 0.9 too is something that is lead against US dollar till date in 59.2 in June, the Services PMI Euro 8.1 Hong Kong Dollar 0.6 ing to some incremental calendar 2022. However, was at its highest mark since pressures on the import bill. there are still eight major April 2011 and signalled a to crowdin private invest of Management Develop July imposed a windfall tax But, over time, if global com economies including the UK, steep rate of increase. Post ments as seen in prelimin ment (IMD) for the year 2022 on domestic crude oil pro modity prices remain elev Japan and European Union, ing 53.9 in June, the Manu ary data collated for Q1 of on the back of better eco ducers, export duties on pet ated, India needs to contend whose currencies have re facturing PMI signalled a 202223. In this quarter, the nomic performance. This is rol, diesel and aviation tur with the prospect of a larger corded a steeper fall against 12th consecutive monthly share of the Indian private expected to boost foreign in bine fuel (ATF), and hiked current account deficit, the USD in the same period. improvement in the health sector in total investment vestment. the import duty on gold in which would mean that The rupee, after breaching of the sector. For the first proposals reached a record an effort to reduce pressure other macro variables have level of 80 for a short while time ever, the value of UPI 85 per cent, rising from an Efforts of Govt, RBI on the rupee, rein in CAD, to adjust to this new reality. on Thursday, recovered on transactions crossed the average of 63 per cent in the At the same time, the Union and increase the domestic India’s exports too have Friday to settle at 79.91, 8 ₹10lakh crore mark in May preceding four quarters. government together with supply of petroleum hit alltime highs, and over paise better than the all coming in at ₹10.4lakh India has jumped six posi the Reserve Bank of India products. time, as India’s ambitions to time low of 79.99. Various crore. It was at ₹10.14lakh tions to the 37th rank on the (RBI) is taking steps to rein There is feeling among ex be a reliable and resilient ex data points suggest Indian crore in June. annual World Competitive in the current account defi perts that both the govern porting nation is realised, economy will see better days Rising capex in the public ness Index compiled by the cit (CAD). ment and the RBI have expectation is that the ex in the short to medium term sector may have also begun Switzerlandbased Institute The government in early provided dollar liquidity, ternal position will stabilise.

PRESS TRUST OF INDIA in the rupee, importing

New Delhi, July 15 items will get more expens The Indian rupee nearing 80 ive. Not just oil but electronic to a US dollar will make im items, such as mobile ports of items from crude oil phones, some cars and appli to electronic goods, overseas ances, are likely to get education and foreign travel expensive.

costlier while raising fears Foreign education: The that the inflation situation rupee losing value against could worsen. the US dollar would mean for The primary and immedi eign education just became ate impact of a depreciating more expensive. Not just hav rupee is on the importers ing to shell out more rupees who will have to shell out for every dollar that the for more for the same quantity eign institutions charge as and price. However, it is a fees, education loans too boon for the export ers as have become costlier follow they receive ing the interest rate hikes by more ru the RBI. pees in ex Foreign travel: change With the Covid19 for waning, there dollars. has been re The ru venge travel pee depre for work and ciation has leisure. But, wiped these have away some of now just be the gains that come more would have accrued to expensive. India from international oil Remittances: and fuel prices dropping to However, nonresident In preUkraine war levels. dians (NRIs) who send India is 85 per cent depend money back home will end ent on foreign oil to meet its up sending more in the ru needs for fuels, such as petrol, pee value. As per the latest diesel and jet fuel. data, the country’s imports The basket of Indian im expanded by 57.55 per cent to ports includes crude oil, coal, $66.31 billion in June com plastic material, chemicals, pared to the yearago month. electronic goods, vegetable The merchandise trade de oil, fertiliser, machinery, gold, ficit in June was estimated at pearls, precious and semi $26.18 billion against $9.60 precious stones, and iron and billion in June 2021, which is steel. an increase of 172.72 per cent. Here is how a depreciating Crude oil imports in June rupee is likely to impact almost doubled to $21.3 bil spending lion. Coal and coke imports Imports: Importers need more than doubled to $6.76 to buy US dollars to pay for billion in the month against imported items. With the dip $1.88 billion in June 2021.

Forex reserves dwindle by $8 billion

GSec yields rise on fears of Fed rate hike and rising oil prices

OUR BUREAU ($49 million). During the cal

Mumbai, July 15 endar year so far, the re India’s foreign exchange re serves dwindled by $31.643 OUR BUREAU and move in opposite directions. serves dwindled by billion. Since Marchend till Mumbai, July 15 $8.062 billion to stand at date, the reserves have de Government securities (GSecs) Auction $580.252 billion in the week clined by $27.057 billion. prices declined on Friday, track While three GSecs/GS — GS 2027 ended July 8, 2022. ing US Treasury yields, as the bond (coupon rate: 7.38 per cent), GS The sharp fall in reserves Rupee flat market was gripped by fears that 2036 (7.54 per cent) and GS 2051 came in the wake of the Re Meanwhile, the rupee ended the US Fed might go for a 75 basis (6.99 per cent) — sailed through at serve Bank of India (RBI) almost flat on Friday as the points rate hike to tame stubborn the auction, the FRB 2028 selling dollars to prop up the Reserve Bank of India (RBI) inflation even as crude oil price devloved on PDs due to reduced rupee, which depreciated by $6.656 billion. FCA com mounted a solid defence of moved above $100/ barrel. appetite for this paper. Marzban from 79.04 per Dollar on July prises multicurrency assets the domestic currency by Further, of the four bonds auc down 31 paise at ₹94 (previous Irani, CIOFixed Income, LIC Mu 1 (Friday) to 79.26 on July 8 that are held in multiasset selling dollars. tioned by the Reserve Bank of In close: ₹94.31). tual Fund, noted that FRB does (Friday). portfolios (investment in se The Indian unit closed at dia (RBI), the floating rate bond Yield of this security rose about not have much liquidity in the The last time the reserves curities, deposits with other 79.8775 per USD against the (FRB) maturing in 2028 devolved 5basis points to close at 7.4319 per secondary market. Hence, market were around the $580 billion central banks & BIS, and de previous close of 79.8750. on Primary Dealers (PDs) to the cent (7.3835 per cent). Bond prices players bid at higher yields at the level was in the week ended posits with commercial Intraday, INR tested a low tune of about 74 per cent of the and yields are inversely corelated auction. March 5, 2021. banks overseas). of 79.96 on demand for the notified amount (of The other three compon greenback from FPIs and im ₹4,000 crore), with the re

Dip in FCA ents of the reserves too de porters. maining three bonds sail The dip in reserves in the re clined — gold by $1.236 bil However, RBI’s interven ing through. porting week came mainly lion, special drawing rights tion ensured that the Indian Price of the 10year on the back of foreign cur ($122 million) and the re unit closed below 79.90 benchmark GSec (coupon rency assets (FCA) declining serve position in the IMF level. rate: 6.54 per cent) closed

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Federal Bank Q1 net zooms 64% to ₹601 cr

ANSHIKA KAYASTHA onyear rise in its profit prised secured loans, were

Mumbai, July 15 after tax for Q1FY23 to ₹601 expected. Federal Bank Ltd expects to crore — the highest ever Retail loan slippages for continue gaining market quarterly profit, attributed the reporting quarter were share in the current finan to strong credit growth of at ₹204 crore — much cial year aided by credit 16 per cent and an improve higher than ₹86 crore in growth of at least 16 per ment in the nonperform the previous quarter. Retail cent, higher than the es ing asset ratios. bad loans were at ₹1,131 timated 1214 per cent Gross nonperforming Shyam Srinivasan, MD and CEO crore, comprising 27 per growth for the banking sec assets ratio (GNPA) for the cent of gross bad loans as tor, according to Managing bank improved to 2.7 per ancial Officer Ashutosh of March 2022. Director and Chief Execut cent as of March 2022 from Khajuria said the bank has Despite this, the lender ive Officer Shyam 3.5 per cent a year ago. Net significantly trimmed its remains optimistic on re Srinivasan. bad loan ratio (NNPA), too, treasury book since March, tail credit, including credit In a call to announce the was better at 0.94 per cent also to avoid future losses cards, personal loans, bank’s results, Srinivasan compared with 1.2 per cent in a rising interest rate home and automobile said that credit growth for in the previous year. regime. loans and gold loans — banks is growing and that Net interest income for which are seeing strong he expects a “meaningful Operating metrics the quarter was up 13 per traction, Srinivasan said. pickup in credit” in the The bank’s operating cent on year at ₹1,605 Executive Director Sha second half of the financial profit, however, fell 14 per crore. Net interest margin lini Warrier said the bank year on the back of credit cent on year due to the ab was at 3.22 per cent for the does not have operations demand returning to sence of significant treas quarter. pertaining to ‘Buy Now Pay banks, higher capacity util ury gains as seen in the cor Later’ or prepaid payment isation by corporates and responding quarter of the Retail credit instruments, but will con higher cyclical demand previous year. While the While retail bad loans rose tinue to work closely with during the festival season. bank managed to avoid for the bank during the fintech companies for The private sector lender treasury losses in the re quarter, Srinivasan said the credit cards, personal loans today posted a 64 per cent porting quarter, Chief Fin slippages , largely com and low cost deposits.

Steel prices crash 1315%in July

Kotak becomes first bank to integrate with new IT portal

ABHISHEK LAW

New Delhi, July 15 Global steel prices, including Customers can venient for customers, export prices of Indian mills, now pay direct said the bank. have seen a 1315 per cent down Last October, Kotak ward correction, monthon taxes using Mahindra Bank became month on seasonal demand Kotak net banking the first scheduled private weaknesses, recessionary pres sector bank to receive ap sures across the globe and an OUR BUREAU proval as a collections economic slowdown staring at long steel demand – used in Mumbai, July 15 partner for taxes, after the China. construction – is weak, say Kotak Mahindra Bank has announcement to permit For Indian hot rolled coil — trade sources. Rebar prices completed technical in all banks to participate in the benchmark offering — continue to decline there. “In tegration with the new e government business. prices are at $ 639 per tonne, Northern Europe, buyers are filing portal of the Income Dipak Gupta, Joint Man fob East Coast, down by $93. expected to resume restocking Tax department and has aging Director, Kotak The HRC prices were around for September from endJuly. become the first private Mahindra Bank, said with $732 a month ago, say trade So there is something that In bank to fully integrate this facility, Kotak Bank sources. dian exporters can look up to. with the portal. becomes one of the first to But, there is an export duty Its customers can now offer a direct taxes pay Weak demand overhang which needs to be pay their direct taxes ment ecosystem across all Key steel markets like Europe taken care of too,” said a steel through the epay tax tab channels. “We are con are reducing offtake as geo mill official. on the portal using Kotak tinuously innovating to political tensions (primarily netbanking or by visiting make this experience Russia – Ukraine war raging on) Global prices a branch. This will make more customercentric, lead to gas prices – used across SteelMint’s data shows, China’s the tax payment process convenient and secure,” homes and factories – rising by HRC FoB prices have lost 20 per simple, instant, and con said Gupta. 700 per cent. This has led to un cent mom to $618 a tonne and precedented inflationary pres CRCs by 15 per cent to $710. sures leading to slowing de The Black Sea HRC FoB prices mand for steel. lost declined 15 per cent to In fact, there are concerns $600/tonne, while in Japan, it over energy availability and en dropped by 20 per cent to $650 ergy prices in Europe later this fob. year as the EU nations bring in In Vietnam, there was a 15 place more sanctions against per cent slide drop in prices to Russia. $640/tonne; and in Turkey, the In China, a key steel produ fall (in rebar prices) was 5 per cer and consumer market, cent to $710/tonne. CM YK

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CMYK

AI assistant

Page Industries Ltd. AGM Information 2022

62181_rns_2022-07-18_f2bfe4ca-192b-4152-b578-d7b5c1bd2cc3.pdf

Sub: Newspaper advertisement on Annual General Meeting, E-Voting instructions and Book closure- Reg.

Rupee’s fall against $ ‘not as bad as many major currencies’

Rupee’s slide to hit imports, overseas education, travel

Forex reserves dwindle by $8 billion

GSec yields rise on fears of Fed rate hike and rising oil prices

Federal Bank Q1 net zooms 64% to ₹601 cr

Steel prices crash 1315%in July

Kotak becomes first bank to integrate with new IT portal

ABHISHEK LAW

AI assistant

Page Industries Ltd. — AGM Information 2022

62181_rns_2022-07-18_f2bfe4ca-192b-4152-b578-d7b5c1bd2cc3.pdf

Sub: Newspaper advertisement on Annual General Meeting, E-Voting instructions and Book closure- Reg.

Rupee’s fall against $ ‘not as bad as many major currencies’

Rupee’s slide to hit imports, overseas education, travel

Forex reserves dwindle by $8 billion

G­Sec yields rise on fears of Fed rate hike and rising oil prices

Federal Bank Q1 net zooms 64% to ₹601 cr

Steel prices crash 13­15%in July

Kotak becomes first bank to integrate with new IT portal

ABHISHEK LAW

More from Page Industries Ltd.

Page Industries Ltd. AGM Information 2022

GSec yields rise on fears of Fed rate hike and rising oil prices

Federal Bank Q1 net zooms 64% to ₹601 cr

Steel prices crash 1315%in July